The National Rugby League has purchased another two hotels in rugby league heartland in the past week, solidifying its push into real estate as a way to diversify revenue.
The Ibis Styles in Port Macquarie and the Mantra Terrace Brisbane were purchased this week by the NRL for around $15 million and $23 million respectively.
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Larry Schlesinger writes on real estate, specialising in commercial and residential property. Larry is based in our Melbourne newsroom. Connect with Larry on Twitter. Email Larry at larry.schlesinger@afr.com
Zoe Samios covers wagering and the business of sport from the AFR's Sydney newsroom. She was previously the media and telecommunications reporter for The Sydney Morning Herald and The Age, and covered media at The Australian. Connect with Zoe on Twitter. Email Zoe at zoe.samios@afr.com
